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What controls the price of goods and services in the economic system of communism?
Wiki User
∙ 14y ago
Economic activities in the communist system is controled by the public in the sense that the government tries to control all economic activities by setting up different organizations and sectors in order to provide social-economic demands to the public or citizen.
Wiki User
∙ 12y ago
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What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What kind of economic system did the Bolsheviks believe in?
Communism
What economic system is based on collective ownership?
Communism
Theoretically speaking communism is an economic system that includes which of the following characteristics?
Theoretically speaking communism is an economic system that includes which of the following characteristics?
Is communism is the economic system that is the most influenced government?
true
Who controls the prices of goods and services in the economic system communism?
The government decides where to invest resources.
Who controls the prices of the goods and the services in the economics system of the communism?
The government decides where to invest resources.
Is communism considered a religon?
No; communism is an economic system.
What describes a difference between communist and free economic systems?
In a communist economic system, the government owns and controls all means of production and distribution, while in a free market economy, these are owned and controlled by individuals and private corporations. Communism aims for equal distribution of wealth among all citizens, whereas a free market system promotes competition and allows for varying levels of wealth accumulation.
In which political system does the government control the production of all food and goods?
A command economy, such as communism or socialism, is a political system where the government controls the production of all food and goods. This system aims to centrally plan and coordinate economic activities to achieve specific objectives.
Communism is a system in which the government?
plans and controls the nation's economy
What social and economic system in which classes are abolished and property is commonly controlled?
The Communism Economic System
What kind of economic system did the Bolsheviks believe in?
Communism
What economic system is based on collective ownership?
Communism
What was The free enterprise system vs communism?
Free enterprise system is what America has with freedom in all. China has communism where the government controls everything.
What are the two economic systems?
Traditional economic system. The traditional economic system is based on goods, services, and work, all of which follow certain established trends. Command economic system. In a command system, there is a dominant centralized authority – usually the government – that controls a significant portion of the economic structure. Market economic system. Market economic systems are based on the concept of free markets. In other words, there is very little government interference. Mixed system. Mixed systems combine the characteristics of the market and command economic systems. For this reason, mixed systems are also known as dual systems.
Theoretically speaking communism is an economic system that includes which of the following characteristics?
Theoretically speaking communism is an economic system that includes which of the following characteristics?
